TI - Telecom Italia S.p.A.

NYSE - NYSE Delayed Price. Currency in USD
6.03
+0.14 (+2.38%)
At close: 4:02PM EST
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Previous Close5.89
Open5.89
Bid5.33 x 900
Ask0.00 x 900
Day's Range5.89 - 6.06
52 Week Range5.44 - 11.28
Volume139,721
Avg. Volume225,295
Market Cap11.949B
Beta (3Y Monthly)0.37
PE Ratio (TTM)10.40
EPS (TTM)0.58
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-04-22
1y Target Est13.37
Trade prices are not sourced from all markets
  • Reuters1 hour ago

    PRESS DIGEST- Financial Times - Nov 19

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Telecom Italia names Luigi Gubitosi new chief executive ...

  • Reuters3 hours ago

    With new CEO, Telecom Italia 'opera' edges towards finale

    Barely a year into the job as the boss of Italy's biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate. The Telecom Italia (TLIT.MI) CEO had been in conflict with some of his fellow board members over strategy at the former state phone monopoly but the company had said there would be no board meeting while he was away. Twelve hours later, the telecoms industry veteran was fired in a board meeting he dialled into from Seoul.

  • Reuters3 hours ago

    With new CEO, Telecom Italia 'opera' edges towards finale

    Barely a year into the job as the boss of Italy's biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate. The Telecom Italia CEO had been in conflict with some of his fellow board members over strategy at the former state phone monopoly but the company had said there would be no board meeting while he was away. Twelve hours later, the telecoms industry veteran was fired in a board meeting he dialled into from Seoul.

  • Ex-Telecom Italia CEO seeks shareholder vote after Gubitosi named new boss
    Reuters4 hours ago

    Ex-Telecom Italia CEO seeks shareholder vote after Gubitosi named new boss

    ROME/MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) appointed Luigi Gubitosi as chief executive on Sunday, in a move seen as portending a more aggressive shake-up at the phone group and prompting his predecessor to call for a shareholder vote on the strategy turn. Gubitosi, a former head of telecoms group Wind and now state-appointed commissioner of struggling airline Alitalia, succeeds Amos Genish, the third TIM CEO to leave in as many years, who was unexpectedly fired last Tuesday over what sources said were disagreements with board members over strategy. Genish, who remains a TIM board director, said he would seek investor support to call an extraordinary shareholder meeting to contest the sudden changes.

  • Financial Times18 hours ago

    [$$] Telecom Italia names Luigi Gubitosi new chief executive

    Telecom Italia has named Luigi Gubitosi as its new chief executive less than a week after ousting Amos Genish from the role. Mr Gubitosi, a former Merrill Lynch banker, has previously run Italian mobile ...

  • Reutersyesterday

    Gubitosi seen as new Telecom Italia boss after Altavilla quits race - source

    MILAN (Reuters) - Italian manager Luigi Gubitosi is expected to be proposed as Telecom Italia's (TLIT.MI) new CEO on Sunday after rival Alfredo Altavilla pulled out of the race for the top job at Italy's ...

  • Reuters2 days ago

    Gubitosi seen as favourite to become Telecom Italia CEO - sources

    Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy's biggest telecoms group Telecom Italia (TIM) (TLIT.MI), two sources familiar with the matter said. Telecom Italia on Tuesday lost its third boss in the span of two years when CEO Amos Genish was sacked while he was away on business in Asia. Genish had been appointed last year to run the underperforming former monopoly by TIM's then controlling shareholder, French media group Vivendi (VIV.PA).

  • Gubitosi seen as favorite to become Telecom Italia CEO: sources
    Reuters2 days ago

    Gubitosi seen as favorite to become Telecom Italia CEO: sources

    Veteran Italian manager Luigi Gubitosi is seen ahead in the race to become the new chief executive of Italy's biggest telecoms group Telecom Italia (TIM) (TLIT.MI), two sources familiar with the matter said. Telecom Italia on Tuesday lost its third boss in the span of two years when CEO Amos Genish was sacked while he was away on business in Asia. Genish had been appointed last year to run the underperforming former monopoly by TIM's then controlling shareholder, French media group Vivendi (VIV.PA).

  • The Wall Street Journal3 days ago

    [$$] European Equities Market Talk Roundup

    1031 GMT - Shares in U.K.-focused banks are taking a hit as political turmoil around Britain’s plan to leave the European Union continues to weigh on sentiment. is among the biggest FTSE 100 fallers, down 2.4%, while Lloyds Banking Group retreats 1.9%. “Among the large-cap movers on the London market, miners and tobacco stocks do their best to push ahead, while banks and housebuilders struggle,” says Russ Mould, investment director at AJ Bell.

  • Financial Times4 days ago

    [$$] Vivendi begins search for banks ahead of Universal Music Group sale

    Vivendi said on Thursday after market close that it has chosen about 15 banks for the bank selection process. It will “hold working sessions with these banks before the end of fall to determine their qualifications and discuss the potential terms of engagement and fees,” the group said. The goal is to select between five and seven banks to find the best partner for Universal.

  • Brazil's Tim Participacoes Slumps as Nextel Bid in Doubt
    Bloomberg6 days ago

    Brazil's Tim Participacoes Slumps as Nextel Bid in Doubt

    Tim Participacoes SA fell after its controller announced it removed Amos Genish as CEO after a clash with investor Elliott Management. The news added uncertainty to Tim Participacoes’s potential bid for Nextel Telecomunicacoes Ltda and the stock is leading Ibovespa losses. The board of Telecom Italia has already approved a non-binding offer for Nextel.

  • Brazil's Tim Participacoes Slumps as Nextel Bid in Doubt
    Bloomberg6 days ago

    Brazil's Tim Participacoes Slumps as Nextel Bid in Doubt

    Tim Participacoes SA fell after its controller announced it removed Amos Genish as CEO after a clash with investor Elliott Management. The news added uncertainty to Tim Participacoes’s potential bid for Nextel Telecomunicacoes Ltda and the stock is leading Ibovespa losses. The board of Telecom Italia has already approved a non-binding offer for Nextel.

  • Reuters6 days ago

    Telecom Italia ousts CEO in boardroom tussle

    Genish was appointed last year to run the underperforming former monopoly by TIM's then controlling shareholder, French media group Vivendi, but since then directors backed by activist fund Elliott have wrested control of the board. Telecom Italia said in a statement that it would meet on Sunday to appoint a new chief executive. Speaking a few hours after the board stripped him of his executive powers, Genish told Reuters that the environment inside TIM was dysfunctional and that several directors had been campaigning against him for months.

  • Reuters6 days ago

    Telecom Italia ousts CEO in boardroom tussle

    Genish was appointed last year to run the underperforming former monopoly by TIM's then controlling shareholder, French media group Vivendi, but since then directors backed by activist fund Elliott have wrested control of the board. Telecom Italia said in a statement that it would meet on Sunday to appoint a new chief executive. Speaking a few hours after the board stripped him of his executive powers, Genish told Reuters that the environment inside TIM was dysfunctional and that several directors had been campaigning against him for months.

  • The Wall Street Journal6 days ago

    [$$] Telecom Italia CEO is Ousted

    Mr. Genish was the second chief executive to guide the company in little more than a year. resigned after relations with Vivendi soured, having held the top position for about a year. , will take over in the interim and a board meeting has been called for Sunday to choose a new CEO, Telecom Italia said.

  • Elliott's Telecom Italia Win Leaves Bollore With a Nuclear Option
    Bloomberg6 days ago

    Elliott's Telecom Italia Win Leaves Bollore With a Nuclear Option

    The activist investor's board nominees voted to remove Amos Genish, a Vivendi appointee, as chief executive officer of the Italian carrier on Tuesday, the culmination of a clash over how it would separate some of its networks. Chairman Fulvio Conti is taking over on an interim basis, and board members Alfredo Altavilla, Rocco Sabelli and Luigi Gubitosi are mooted candidates. Do they want to be seen as a corporate raider, a stooge for Elliott who comes in and sells off vast chunks of the business before retiring on a hefty pension?

  • Telecom Italia ousts CEO in long-running boardroom battle
    Associated Press6 days ago

    Telecom Italia ousts CEO in long-running boardroom battle

    MILAN (AP) — A long-running board room battle in Italy's legacy telecoms provider, Telecom Italia, has culminated with the ouster of CEO Amos Genish, effective immediately.

  • Financial Times6 days ago

    [$$] Telecom Italia chief ousted at impromptu board meeting

    The 15-member board met at 7am to vote on Mr Genish’s removal, despite denials from the company on Monday that a meeting was planned. , the French company that owns a 24 per cent stake in Telecom Italia, trying to block the move, according to a person with direct knowledge of the situation. The vote to dismiss Mr Genish was carried 10-5, with Vivendi representatives continuing to back him.

  • European Shares Bounce Back on Trade Talks, With Eyes on Italy
    Bloomberg6 days ago

    European Shares Bounce Back on Trade Talks, With Eyes on Italy

    Italy will again be in focus. The Stoxx 600 Index rose 0.5 percent, with all the subgroups gaining except for oil shares as President Donald Trump took aim at Saudi Arabia’s plan to cut oil production. Telecom Italia Spa rose 3 percent as its Chief Executive Officer Amos Genish was said to resign.

  • Telecom Italia sacks CEO in boardroom tussle
    Reuters6 days ago

    Telecom Italia sacks CEO in boardroom tussle

    Genish was appointed last year to run the underperforming former monopoly by TIM's then controlling shareholder, French media group Vivendi, but since then directors backed by activist fund Elliott have wrested control of the board. Telecom Italia said in a statement that it would meet on Sunday to appoint a new chief executive. Genish was pursuing a three-year turnaround plan, focusing on a digital transformation and fixing TIM's finances, but sources say some Elliott directors wanted him to put higher priority on a possible spin-off of its fixed-line networks.

  • Financial Times6 days ago

    [$$] Absent Telecom Italia chief’s shock 7am sacking

    Telecom Italia issued a press release at 9.28am Rome time, announcing a new contract with Samsung that contained a fulsome quote from Mr Genish. Exactly one minute later, a second release followed explaining that Mr Genish had been stripped of his executive duties.

  • Financial Times6 days ago

    [$$] Telecom Italia/Elliott: ill humoured

    The physician Galen of Pergamon popularised the method in ancient Rome. and US activist fund Elliott Management, damaged the business. Telecom Italia ousted Mr Genish after a hastily arranged board meeting on Tuesday.

  • CK Hutchison Left Standing in Italian Musical Chairs
    Bloomberg6 days ago

    CK Hutchison Left Standing in Italian Musical Chairs

    CK agreed to pay 2.5 billion euros ($2.8 billion) for Veon Ltd.’s 50 percent stake in Wind Tre SpA. Since then, Italy’s spectacularly expensive 5G spectrum auction has left it with an inadequate slice of the pie. Its two biggest rivals seem to be on the verge of squeezing it even further by teaming up to build out the new networks, Bloomberg News reported Monday.

  • Telecom Italia Board to Discuss Ouster of CEO
    Bloomberg6 days ago

    Telecom Italia Board to Discuss Ouster of CEO

    Genish and Telecom Italia’s largest shareholder, Vivendi SA, want the carrier to keep control of the landline grid, while Elliott Management Corp., the company’s second-largest investor, is seeking to spin off more than 51 percent of the business. Chairman Fulvio Conti could get interim CEO powers, they said. Responding to a report by newspaper Il Messaggero, Telecom Italia denied on Sunday that a board meeting was scheduled before Dec. 6.

  • Vodafone, Telecom Italia Are Said to Discuss 5G Network Deal
    Bloomberg6 days ago

    Vodafone, Telecom Italia Are Said to Discuss 5G Network Deal

    The two companies have signed a non-disclosure agreement about the potential collaboration on a 5G network, with the aim of reaching a deal in the first quarter of 2019, the people said, asking not to be identified because the discussions are private. Representatives for Telecom Italia and Vodafone declined to comment. Telecom Italia is responding to political pressure by looking to collaborate with state-backed Open Fiber SpA to expedite the buildout of high-speed connections to homes and businesses.